3 ms·
With housing prices in Canada now it’s terrible to be young. As a landlord it is working great for me when I can get $2000 a month for an apartment in Hamilton.
by drpgq 6y ago
With housing prices in Canada now it’s terrible to be young. As a landlord it is working great for me when I can get $2000 a month for an apartment in Hamilton.
- koluna 6y agoHow is that related to immigration?
- gruez 6y agoPresumably because immigrants (especially the rich variety) drive up demand for housing.
- arcticbull 6y agoDemand for housing in Canada has in part been driven by foreign non-residents real estate speculators who are looking to park their money in Canada, and other places. New Zealand banned all non-resident foreigners from buying property there [1,2]. I would assume that if a population remains stable as a result of migration, that as many people are leaving houses as entering them, and there shouldn't be substantial pressure on housing prices. I don't have specific data for this. [1] https://www.seattletimes.com/business/real-estate/vancouver-b-c-tries-again-to-thwart-foreign-real-estate-speculators/ https://www.seattletimes.com/business/real-estate/vancouver-... [2] https://www.bbc.com/news/world-asia-45199034 https://www.bbc.com/news/world-asia-45199034